PHC Invests in San Antonio Golf Resort
Preston Hollow Capital recently completed a $48.9 million financing for the Cibolo Canyons Special Improvement District, a 2,100-acre, mixed-use development near San Antonio.
The bond funding transaction will reimburse the infrastructure costs for developer Forestar Group Inc. PHC was launched earlier this year by Jim Thompson, a Preston Hollow resident who previously was a longtime executive with Orix USA.
Cibolo Canyons includes the Marriott San Antonio Hill Country Resort and Spa, as well as two TPC golf courses designed by Pete Dye and Greg Norman.
